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Cinnamon

Space is under the threat of becoming a battleground for mining companies

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With extraterrestrial mining set to become a reality, aspiring space mining companies could end fighting for the huge profits it could give them.

Billions and trillions of dollars could be at stake under such a scenario. A single asteroid, called Davida, has been estimated at more than US$100 trillion by space mining company Planetary Resources. This amount is more than five times America’s GDP, reports wired.com.

Space mining is likely to become big business in the coming years. Already, Planetary Resources, and other companies like it, are launching satellites in search of valuable asteroids. Planetary Resources is backed by Googlers Larry Page and Eric Schmidt, among others.

Though existing laws prohibit anyone from “appropriating” territory in space, extraction does not seem to be excluded from the 1967 Outer Space Treaty, which is ratified by 103 nations. The US is known to have brought 842 pounds of rocks from the moon and the same is considered as the country’s property.  Russia has even sold some such rocks commercially, says James Dunstan, a space law expert with the Mobius Legal Group.

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http://www.ibtimes.com.au/space-under-threat-becoming-battleground-mining-companies-1500792

If there is anything anywhere to be possessed, the government will try and control it. Sigh. 

 

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I read this a lot. But with everything I now know. It's bullshit. When we can go on trips to space this will be a problem. But 50 years on from being on the moon lol. We don't have shit in space. For what every reason you want to add in. 

Can you claim the rights to something you can't get to? 

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6 minutes ago, Han sole said:

I read this a lot. But with everything I now know. It's bullshit. When we can go on trips to space this will be a problem. But 50 years on from being on the moon lol. We don't have shit in space. For what every reason you want to add in. 

Can you claim the rights to something you can't get to? 

The government can't imagine something as simple as a terrorist attack being pulled off by airplanes hitting skyscrapers, but they can imagine this! 

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Just now, Cinnamon said:

The government can't imagine something as simple as a terrorist attack being pulled off by airplanes hitting skyscrapers, but they can imagine this! 

Lol 

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